Biden administration reportedly disregarded Tesla Inc.’s TSLA utility for about $100 million to fund a big-rig charging hall, to the exasperation of the EV big’s CEO Elon Musk.
What Occurred: TechCrunch reported on Monday that Tesla had utilized for funding for a big-rig charging hall undertaking. The data was confirmed by its undertaking associate California’s South Coast Air High quality Administration District.
Nonetheless, Tesla was not named within the listing of 49 candidates to whom the Division of Transportation (DOT) gave over $635 million in funding on Friday to construct EV charging infrastructure.
Tesla first requested funding in 2023 from the Charging and Fueling Infrastructure program to construct 9 semi-truck charging stations between its former headquarters in California to the southern border of Texas, formally referred to as Undertaking TESSERACT. Nonetheless, the division selected different candidates over Tesla even then.
CEO Responds: Musk responded to the information on social media platform X with a short, “Sigh.”
Why It Issues: The standing of the large rig charging hall is unclear. Tesla didn’t instantly reply to Benzinga‘s request for remark.
Tesla has its personal quick charging community. Earlier this month, the corporate stated that it opened over 11,000 supercharger stalls in 2024, taking the entire variety of superchargers to over 65,000.
The expansion of Tesla’s supercharger community was in query after the corporate introduced layoffs of at the very least 10% of its international workforce in April. The layoffs impacted 500 members of the supercharging workforce and Rebecca Tinucci, Tesla’s then Senior Director of Charging Infrastructure, left the corporate.
Throughout Tesla’s annual shareholder assembly in June, Musk, nonetheless, slammed rumors of the loss of life of the supercharger community as “tremendously exaggerated.”
“Our supercharger community is constant to develop,” Musk stated whereas including the corporate will make investments $500 million into increasing the community in 2024.
Try extra of Benzinga’s Future Of Mobility protection by following this hyperlink.
Learn Subsequent:
Picture courtesy: Shutterstock
Market Information and Information dropped at you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
